What is a Coworking Space and Why Do You Need One?

Why Companies Prefer Coworking Spaces

Traditional offices can be very costly for many businesses. They usually demand long contracts, high security deposits, and lots of hidden expenses. This is risky for start-ups or microenterprises. Coworking office space eliminates this by providing flexible desk memberships, such as hot desks and dedicated workstations, in which you only pay for the time and space that you utilise. Such a feature makes coworking spaces beneficial for remote workers requiring rapid expansion or fluctuations.

Another reason is convenience. Coworking operators take care of all the facilities, including cleaning and internet setup. This means that businesses can focus on their work without worrying about maintaining offices.

The shift towards coworking work models has also increased when traditional post-COVID home working has shown limitations, with a recent study by The Guardian indicating its failure to boost the UK economy significantly.

Overall, coworking is a good option in cases where firms require professional facilities but would rather not handle the hassles of managing the facility.

Advantages of a Coworking Space to Rent

Coworking spaces offer numerous benefits beyond affordability, including enhanced productivity, desirable locations in UK cities, and significant cost savings by bundling services. They provide utmost flexibility with various membership options and foster networking opportunities and a cooperative culture through shared environments and organised events.

Below, we’ve listed some of the benefits of coworking spaces to read.

Beyond Desks and Chairs

Coworking spaces to rent extend beyond affordability and are ideal for inspiring productivity and creativity. These spaces have modern layouts, stylish furniture and reliable internet, boosting productivity and efficiency in workforces. Coworking spaces' amenities further include comforts as coffee bars, lounges, and quiet rooms to make the working environment feel comfortable yet professional.

Location Accessibility

Another factor is finding the ideal office location. Fortunately, the majority of coworking office spaces are located in the best areas of cities in the UK, allowing you to feature an impressive business address to your clients. This is particularly useful in freelancing and mini-businesses, which value the aspect of portraying an office image. Using a coworking space to rent also means you will be surrounded by like-minded professionals, leading to the possibility of networking and cooperation.

Cost-Effective in the Long Run

Another significant factor of coworking spaces is their cost savings. While traditional offices have separate bills for electricity, cleaning, and security protocol, coworking office space incorporates all of this in a single monthly package. All services, including WiFi, workstations, utilities, amenities, security, and in-house parking, are available at a fixed fee, which is paid once a month.

This makes coworking spaces a profitable investment for individuals and start-ups seeking cost-effectiveness while accessing high-end tech-equipment and infrastructure.

Utmost Flexibility and Scalability

Flexibility is equally relevant. You may require a desk for a week, a month or more. Most of these providers have day passes, part-time and long-term memberships. This implies that you can never spend money on something that you do not require. Even a hot desk can be a starting point, and then you can upgrade to a personal office in the same office building as your business grows. This flexibility makes the coworking office space one of the most innovative options to choose in the current business environment.

Networking Opportunities

A coworking office space is not just about desks and the internet. It also has to do with the individuals that you share the space with. Being surrounded by professionals from various fields, you have access to endless possibilities of networking and teamwork. Since several freelancers and small companies are concentrated in one building, many of them find new clients, partners, or suppliers that way as well.

A Cooperative Culture

Coworking providers also contribute to culture through organising events. These activities, such as training workshops or after-work socials, help spur connection. They make a plain co-working space a professional neighbourhood. A shared coworking space exhibits an environment where your business collaborates and thrives through valuable relationships.

Do Coworking Spaces Help in Productivity?

This is a very common question: whether coworking helps people work better. To many, the answer is yes. Working at home can be overwhelming with the distractions, whereas a separate office may be lonely or inflexible.

Coworking combines two positives in one environment: a professional setting with the freedom to work on your own projects. Such collaborative spaces have been designed to boost productivity; meanwhile, ergonomic furniture, break-out spaces, and open spaces promote movement and concentration.

Furthermore, by associating with other motivated individuals, you generate positive energy and reduce the chances of being stressed out at work. According to many members, productivity levels are higher when working in a coworking office space than at home or even in cafes.

Struggling to stay productive in collaborative environments? We’ve sorted 7 job productivity tips in coworking spaces to help you out!

Shared Workspace for Rent: Is it the Right Solution?

Whether the shared workspace is suitable or not depends on how you choose to work. To freelancers, it provides a business-like setting without the isolation of working in their home. For startup businesses, it lays the foundation, eliminating the need for substantial financial investment. And to growing teams, it enables growth without the panic of having to relocate.

Another factor that makes coworking space worth it is the balance that it offers. You will have access to areas of quiet concentration, as well as the open spaces where you can socialise. This flexibility helps you decide how you would like to work each day.

To maximise the benefits of a coworking space, you need to select the office space according to your business needs. And before you stress about how to do that, we’ve listed some valuable tips in the next section. Or you can also review the 12 types of coworking spaces to understand your business requirements better.

Tips on How to Find the Top Coworking Space in the UK

When finding a coworking office space, you can focus on the most important factors such as:

• Location: Prioritise proximity to clients, transit infrastructure, or urban centres.
• Membership Options: Explore coworking memberships which include hot desks and dedicated workstations in both open and private layouts. Base your choice on your team's needs, business intent, and a mutually enjoyable atmosphere.
• Facilities: Look for a fast internet connection as standard, but also value-added amenities like meeting facilities, event facilities, and wellness areas.
• In-Person Visit: Visiting spaces in person is crucial. Analysing the workplace’s atmosphere is important, and you'll immediately know if a place is right.

Find the Best Coworking Space for Your Business Today

To sum up the answer to the question ‘What is a coworking space and why do you need one? A coworking space is a shared office environment where individuals and businesses can rent desks, private offices, and conference rooms on a flexible basis. These spaces promote a collaborative community that goes beyond the confines of a traditional office.

In the UK, coworking has transformed the nature of business operations. It provides flexibility, cost saving, and community, which cannot be achieved in a traditional office. Whether you're a freelancer just starting or a well-established company, relocating to a coworking space can provide the ideal environment for your business to grow and thrive.

Ready to meet the perfect coworking space for your firm?

Reach out to Office Hub and explore the best options for your business requirements. Get in touch with our experts to find the perfect coworking space where your business can thrive.